UNIABUJA: We didn’t Divert student Loans

The management of the University of Abuja has dismissed allegations that NELFUND loans meant for students were diverted by the institution.

In a statement, the University described the claims as false, misleading, and mischievous, stressing that the report failed to provide any evidence showing how or where the funds were allegedly diverted.

The University explained that since the disbursement of the NELFUND loan, the management has ensured that all eligible students who duly applied for the facility were reimbursed accordingly. It clarified that the disbursement of NELFUND loans is processed strictly upon student application.

According to the statement, the University received a total of ₦256,142,500 from NELFUND on January 29, 2026, for 2,245 beneficiaries. However, before the funds were received, some students had already paid their fees out of concern that they might lose the academic session. These students were subsequently advised to apply for reimbursement, and their applications are currently being processed.

The management further debunked claims that the funds were diverted, hoarded, misused, or deployed to generate interest, insisting that no student has been shortchanged.

It noted that all unclaimed funds resulting from students who are yet to apply for disbursement are securely kept in designated accounts and will be released promptly once the necessary applications are submitted and processed.

The University also highlighted the leadership of the Vice-Chancellor, Professor Hakeem Babatunde Fawehinmi, who assumed office in December 2025, noting that he has maintained a student- and staff-centred approach rooted in transparency and accountability.

The statement added that all NELFUND disbursements have been handled in strict compliance with NELFUND regulations.

The University of Abuja urged stakeholders and members of the public to disregard the online report and rely on verified information, describing the publication as an attempt to mislead the public, cause unnecessary alarm, and damage the reputation of the University’s leadership and management.

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